Northland Capmk Issues Positive Outlook for HIVE Earnings

Key Points

• Northland Capmk has revised its Q2 2026 earnings estimate for HIVE Digital Technologies to ($0.01) per share, an improvement from the previous estimate of ($0.02).
• Several analysts have upgraded HIVE's stock ratings, with Canaccord Genuity increasing the target price to $10.00 and a consensus rating of "Moderate Buy" across multiple analysts.
• HIVE Digital Technologies' stock has shown significant growth, increasing by 5.5% recently, and currently trades near its fifty-two week high of $6.63.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - Analysts at Northland Capmk upped their Q2 2026 earnings per share (EPS) estimates for shares of HIVE Digital Technologies in a research note issued on Tuesday, October 7th. Northland Capmk analyst M. Grondahl now expects that the company will post earnings of ($0.01) per share for the quarter, up from their prior forecast of ($0.02). The consensus estimate for HIVE Digital Technologies' current full-year earnings is ($0.32) per share. Northland Capmk also issued estimates for HIVE Digital Technologies' FY2026 earnings at ($0.04) EPS.

Several other analysts also recently weighed in on HIVE. Cantor Fitzgerald boosted their target price on HIVE Digital Technologies from $5.00 to $5.50 and gave the company an "overweight" rating in a report on Friday, June 27th. Zacks Research raised HIVE Digital Technologies to a "hold" rating in a report on Friday, August 8th. Roth Capital boosted their target price on HIVE Digital Technologies from $6.00 to $7.50 and gave the company a "buy" rating in a report on Tuesday, August 26th. Canaccord Genuity Group boosted their target price on HIVE Digital Technologies from $9.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen raised HIVE Digital Technologies from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $7.00.

HIVE Digital Technologies Stock Up 5.5%

HIVE Digital Technologies stock opened at $6.54 on Thursday. HIVE Digital Technologies has a fifty-two week low of $1.26 and a fifty-two week high of $6.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.42 and a current ratio of 3.42. The company has a market capitalization of $1.54 billion, a P/E ratio of -32.70 and a beta of 3.51. The stock has a 50-day simple moving average of $3.18 and a 200-day simple moving average of $2.32.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. HIVE Digital Technologies had a negative return on equity of 17.39% and a negative net margin of 17.47%.The company had revenue of $45.61 million during the quarter, compared to the consensus estimate of $45.16 million.

Hedge Funds Weigh In On HIVE Digital Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vident Advisory LLC increased its position in HIVE Digital Technologies by 53.0% during the 2nd quarter. Vident Advisory LLC now owns 3,766,446 shares of the company's stock worth $6,780,000 after purchasing an additional 1,305,057 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in HIVE Digital Technologies by 104.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,793,562 shares of the company's stock worth $3,233,000 after purchasing an additional 915,105 shares during the period. Qube Research & Technologies Ltd increased its position in HIVE Digital Technologies by 1,611.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 213,432 shares of the company's stock worth $384,000 after purchasing an additional 200,960 shares during the period. Invesco Ltd. increased its position in HIVE Digital Technologies by 6.4% during the 2nd quarter. Invesco Ltd. now owns 152,782 shares of the company's stock worth $275,000 after purchasing an additional 9,241 shares during the period. Finally, XTX Topco Ltd increased its position in HIVE Digital Technologies by 1,060.9% during the 2nd quarter. XTX Topco Ltd now owns 120,527 shares of the company's stock worth $217,000 after purchasing an additional 110,145 shares during the period. Institutional investors and hedge funds own 24.42% of the company's stock.

HIVE Digital Technologies Company Profile

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.

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